🚀 #GateNewbieVillageEpisode5 ✖️ @Surrealist5N1K
💬 Stay clear-headed in a bull market, calm in a bear market.
Share your trading journey | Discuss strategies | Grow with the Gate Family
⏰ Event Time: Nov 5 10:00 – Nov 12 26:00 UTC
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1️⃣ Follow Gate_Square + @Surrealist5N1K
2️⃣ Post on Gate Square with the hashtag #GateNewbieVillageEpisode5
3️⃣ Share your trading experiences, insights, or growth stories
— The more genuine and insightful your post, the higher your chance to win!
🎁 Rewards
3 lucky participants → Gate X RedBull Cap + $20 Position Voucher
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My Take on This Week’s Theme: #WillBTCHit120K 🧊
📊 Judgment: NO — I don’t think BTC will hit $120K this week.
📉 Reasoning / Insights:
Technical View: Bitcoin’s rally looks overextended after multiple rejections near the $119K zone. The RSI is entering overbought territory, hinting at a possible short-term correction.
Resistance Zone: $118K–$120K remains a strong supply area with heavy sell orders. Without a clear breakout candle and volume confirmation, upward momentum may stall.
Market Sentiment: Too much optimism is building up — often a contrarian signal for a short pullback.
Macro Conditions: Uncertainty around the next Fed rate decision and geopolitical tensions could cause temporary risk-off sentiment across markets.
On-Chain Activity: Exchange inflows have slightly increased, suggesting that some whales might be preparing to take profits.
BTC might consolidate between $114K–$118K this week before attempting another major breakout later. ⚖️
#BTC #CryptoMarket #CryptoTrading #GateSquare